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September job gains slowed and unemployment rose
The report also noted that inflation pressure has continued to weigh on markets and increase costs.
The economy added fewer jobs in September, signaling a slowdown in hiring, according to NYT Economy.
Unemployment edged higher even as inflation remained a source of pressure for markets.
The outlet also said persistent inflation has raised costs, shaping how investors and businesses are viewing the outlook.
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NYT EconomyU.S. Labor Market Shifts to a Lower Gear